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Chocolate Syrup Market

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    Report

  • 115 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724195
The global chocolate syrup market size is expected to reach USD 12,631.37 Million by 2030, according to a new study. The report “Chocolate Syrup Market Share, Size, Trends, Industry Analysis Report, By Type (Conventional and Organic); By Distribution Channel; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing consumption of chocolate syrups among millennials and the younger generation because of the rising interest in international flavors and products such as confectioneries and gourmet chocolates coupled with the growing availability of various health-oriented syrups and sweeteners across the globe are major factors expected to drive the growth. Furthermore, increasing penetration for plant-based & organic syrups, which contains naturally sourced ingredients and very less sugar, is expected to fuel the market growth.

For instance, in July 2021, Dabur, India’s leading science-based ayurvedic company, announced the launch of its new range of flavored honey for kids in chocolate and strawberry syrup which contains no added sugar. Through this launch, the company has entered into the syrups and spreads category with a product that is likely to cater the demand for children and kids in India.

However, the increasing prevalence of several types of disorders, such as obesity, and diabetes, along with growing consumer awareness towards preventive healthcare, is likely to be the major factors restraining the growth of the global market over the forecast period. Consumers are getting inclined toward low-calorie and healthy food choices, which has resulted in a decline in the adoption of chocolate syrup.

Moreover, the United States is among the top and prominent consumers of chocolate syrups owing to increased popularity, high versatility, and increasing consumer disposable income and spending capacity in the country. Moreover, the rising expansion of retail outlets by key market companies like The Hershey’s Company in the United States has resulted in high adoption of these syrups and increased research & development activities. For instance, in 2021, the total sales of the Hershey Company were valued at USD 8.9 Million, a significant rise from 2020, with a value of USD 8.1 Million.

As a result of growing consumer health awareness and concerns regarding various food sources, consumers are highly focused on food labels and prefer products with clean-labeled and healthy ingredients. Due to this increased label-conscious population, the demand for organic and natural syrup has been fueled significantly, mainly in developed markets.

Chocolate Syrup Market Report Highlights

  • Conventional chocolate syrups segment accounted for significant revenue share and expected to retain its position over the forecast period due to growing consumer preferences towards ready-to-eat food products and flavored syrups
  • Supermarkets/hypermarkets segment held the significant market share in 2021, which is accelerated by availability of wide range of products and growing investment by key market companies on the expansion of their geographical reach
  • Asia Pacific region dominated the global market and accounted for a significant share, in 2021, owing to increased urbanization and high technological development in manufacturing processes and growing consumer awareness in the region
  • The global chocolate syrup market is highly competitive in nature with the presence of several large market companies including Nestle, Kroger, Smucker Company, Bosco Products, and Hershey’s Company

The publisher has segmented the chocolate syrup market report based on type, distribution channel, and region:

Chocolate Syrup, Type Outlook (Revenue - USD Million, 2018 - 2030)

  • Conventional
  • Organic

Chocolate Syrup, Distribution Channel Outlook (Revenue - USD Million, 2018 - 2030)

  • Hypermarkets & Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • B2B

Chocolate Syrup, Regional Outlook (Revenue - USD Million, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Chocolate Syrup Market

What is the estimated value of the Chocolate Syrup Market?

The Chocolate Syrup Market was estimated to be valued at $9222.53 million in 2022.

What is the growth rate of the Chocolate Syrup Market?

The growth rate of the Chocolate Syrup Market is 4.0%, with an estimated value of $12631.37 million by 2030.

What is the forecasted size of the Chocolate Syrup Market?

The Chocolate Syrup Market is estimated to be worth $12631.37 million by 2030.

Who are the key companies in the Chocolate Syrup Market?

Key companies in the Chocolate Syrup Market include The Hershey’s Company, Nestle SA, The Kroger Co., The J.M. Smucker Company, Hollander Chocolate Inc., Walder Farms, Gold’s Pure Foods LLC, Amoretti and Conagra Brands Inc..

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Chocolate Syrup Market Insights
4.1. Chocolate Syrup Market - Industry Snapshot
4.2. Chocolate Syrup Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising popularity of ready-to-eat and packaged foods
4.2.1.2. Increasing adoption of chocolate syrup in Restaurants
4.2.2. Restraints and Challenges
4.2.2.1. Overconsumption of chocolate syrup can prompt different medical issues
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Chocolate Syrup Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Chocolate Syrup Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Chocolate Syrup, by Type, 2018 - 2030 (USD Million)
5.3. Conventional
5.3.1. Global Chocolate Syrup Market, by Conventional, by Region, 2018 - 2030 (USD Million)
5.4. Organic
5.4.1. Global Chocolate Syrup Market, by Organic, by Region, 2018 - 2030 (USD Million)

6. Global Chocolate Syrup Market, by Distribution Channel
6.1. Key Findings
6.2. Introduction
6.2.1. Global Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
6.3. Hypermarkets/Supermarkets
6.3.1. Global Chocolate Syrup Market, by Hypermarkets/Supermarkets, by Region, 2018 - 2030 (USD Million)
6.4. Convenience Stores
6.4.1. Global Chocolate Syrup Market, by Convenience Stores, by Region, 2018 - 2030 (USD Million)
6.5. Specialty Stores
6.5.1. Global Chocolate Syrup Market, by Specialty Stores, by Region, 2018 - 2030 (USD Million)
6.6. Online
6.6.1. Global Chocolate Syrup Market, by Online, by Region, 2018 - 2030 (USD Million)
6.7. B2B
6.7.1. Global Chocolate Syrup Market, by B2B, by Region, 2018 - 2030 (USD Million)

7. Global Chocolate Syrup Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Chocolate Syrup Market Assessment, By Geography, 2018 - 2030 (USD Million)
7.3. Chocolate Syrup Market - North America
7.3.1. North America: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.3.2. North America: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.3.3. Chocolate Syrup Market - U.S.
7.3.3.1. U.S.: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.3.3.2. U.S.: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.3.4. Chocolate Syrup Market - Canada
7.3.4.1. Canada: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.3.4.2. Canada: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.4. Chocolate Syrup Market - Europe
7.4.1. Europe: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.4.2. Europe: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.4.3. Chocolate Syrup Market - UK
7.4.3.1. UK: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.4.3.2. UK: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.4.4. Chocolate Syrup Market - France
7.4.4.1. France: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.4.4.2. France: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.4.5. Chocolate Syrup Market - Germany
7.4.5.1. Germany: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.4.5.2. Germany: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.4.6. Chocolate Syrup Market - Italy
7.4.6.1. Italy: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.4.6.2. Italy: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.4.7. Chocolate Syrup Market - Spain
7.4.7.1. Spain: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.4.7.2. Spain: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.4.8. Chocolate Syrup Market - Netherlands
7.4.8.1. Netherlands: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.4.8.2. Netherlands: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.4.9. Chocolate Syrup Market - Russia
7.4.9.1. Russia: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.4.9.2. Russia: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.5. Chocolate Syrup Market - Asia Pacific
7.5.1. Asia Pacific: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.5.2. Asia Pacific: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.5.3. Chocolate Syrup Market - China
7.5.3.1. China: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.5.3.2. China: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.5.4. Chocolate Syrup Market - India
7.5.4.1. India: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.5.4.2. India: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.5.5. Chocolate Syrup Market - Malaysia
7.5.5.1. Malaysia: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.5.5.2. Malaysia: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.5.6. Chocolate Syrup Market - Japan
7.5.6.1. Japan: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.5.6.2. Japan: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.5.7. Chocolate Syrup Market - Indonesia
7.5.7.1. Indonesia: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.5.7.2. Indonesia: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.5.8. Chocolate Syrup Market - South Korea
7.5.8.1. South Korea: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.5.8.2. South Korea: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.6. Chocolate Syrup Market - Middle East & Africa
7.6.1. Middle East & Africa: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.6.2. Middle East & Africa: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.6.3. Chocolate Syrup Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.6.3.2. Saudi Arabia: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.6.4. Chocolate Syrup Market - UAE
7.6.4.1. UAE: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.6.4.2. UAE: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.6.5. Chocolate Syrup Market - Israel
7.6.5.1. Israel: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.6.5.2. Israel: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.6.6. Chocolate Syrup Market - South Africa
7.6.6.1. South Africa: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.6.6.2. South Africa: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.7. Chocolate Syrup Market - Latin America
7.7.1. Latin America: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.7.2. Latin America: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.7.3. Chocolate Syrup Market - Mexico
7.7.3.1. Mexico: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.7.3.2. Mexico: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.7.4. Chocolate Syrup Market - Brazil
7.7.4.1. Brazil: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.7.4.2. Brazil: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)
7.7.5. Chocolate Syrup Market - Argentina
7.7.5.1. Argentina: Chocolate Syrup Market, by Distribution Channel, 2018 - 2030 (USD Million)
7.7.5.2. Argentina: Chocolate Syrup Market, by Type, 2018 - 2030 (USD Million)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. Hershey’s Company
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Nestle
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. The Kroger
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. J.M. Smucker Company
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Hollander Chocolate
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Walder Farms
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Gold’s Pure Foods
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Amoretti
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Bosco Products
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Conagra Brands
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Kraft Heinz Company
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. Sonoma Syrup
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Wilderness Family Naturals
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. Tropicana Slim
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. American Garden
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development

Companies Mentioned

  • The Hershey’s Company
  • Nestle SA
  • The Kroger Co.
  • The J.M. Smucker Company
  • Hollander Chocolate Inc.
  • Walder Farms
  • Gold’s Pure Foods LLC
  • Amoretti
  • Bosco Products
  • Conagra Brands Inc.
  • The Kraft Heinz Company
  • Sonoma Syrup
  • Wilderness Family Naturals
  • H. Fox & Co.
  • Tropicana Slim
  • American Garden.